Anadarko, an independent oil and gas company from Texas, has struck oil at another appraisal well testing its 2009 Shenandoah discovery in the U.S. Gulf of Mexico. Located in the Walker Ridge basin, south of Louisiana, the Shenandoah-4 appraisal well,…

Gabon has launched its 11th Licensing Round offering five deepwater blocks in the South Gabon Salt Basin. The round was formally opened on October 27, 2015, by the Gabon’s Minister for Petroleum and Hydrocarbons, Etienne Dieudonné Ngoubou at the 22nd…

Helix Energy Solutions’ new well intervention semi-submersible, the Q5000, entered service last week. According to Helix, the unit is currently on hire for a client in the Gulf of Mexico. Owen Kratz, President and Chief Executive Officer of Helix, stated,…

Petrofac, a UK-based oilfield services provider, has informed that the first two modules sailed away for ZADCO’s Upper Zakum, UZ750 field development, located offshore Abu Dhabi. Petrofac is taking part in the development of the field in partnership with South…

GE, an American multinational corporation, announced on Monday that it will invest up to $1 billion to support Indonesia’s economic growth, including investments in the oil and gas, power, and healthcare sectors. The announcement was made on the sidelines of…

Iran is planning to officially launch phases 15 and 16 of the large South Pars gas field in early November. Roknoddin Javadi, the deputy oil minister and managing director of the National Iranian Gas Company (NIGC), said his company was…

Lundin Petroleum, independent oil and gas exploration and production company, has made a small gas discovery with the Mengkuang-1 exploration well in license PM307, offshore Malaysia. Lundin started drilling the well at the start of October. The well targeted hydrocarbons…

The newly-enlarged EMS Group, formed as a result of EMS Energy Limited’s acquisition of the Koastal Group, has signed a binding Letter of Intent (LOI) worth $570 million for the supply, testing and commissioning of up to six sets of…

China’s Dalian Shipbuilding Industry Offshore Co., Ltd has awarded the Netherlands-headquartered AEG Power Solutions (AEG PS), a contract to secure its BT-4000 semi-submersible platform power supply with a customized solution based on AEG PS Protect 8 industrial UPS. According to…

Delek Group’s acquisition of a stake in a UK North Sea oil and gas operator, Ithaca Energy, has been completed. Ithaca Energy on Tuesday reported that it had completed the previously announced $66 million equity investment, while the confirmation from…